Jefe

Jefe

First things first, BTC has a strong bearish trend which seems to be taking more time than we anticipated. It will last over the next few days probably till Segwit 2x on Dec 28, 2017. How that affects the price is yet to be seen. However, I see some traders are currently posting ideas and opening trades on coins with high potential like Stratis and Lisk which is...

Jefe

BTC has confirmed a bearish trend to follow an ABCD Pattern. I expect it to drop down to $8,000s mark. It will rise strongly from there. This correction was a strong one considering we had the Golden Cross Formation for the first time in almost 3 months. This correction was very much needed and it is healthy for Bitcoin to follow a regular pattern rather than a...

Jefe

This is going to test the $10k levels and possibly bounce back strongly from there.

Jefe

If you want to short BTC, now is the time. If you'd rather wait for a buy, watch out for the 10k levels.

Jefe

I think a correction is in order. The recent interest in Bitcoin Cash added fuel to the fire. People are selling BTC for BCH. However, I think BTC is here to stay, at least for now. A correction to $13k and then a climb back to new highs. I don't recommend shorting it yet. Wait before you buy more altcoins. Christmas could be another catalyst. Trade safe, folks.